Short Interest in Global Self Storage, Inc. (NASDAQ:SELF) Declines By 20.8%
by Renee Jackson · The Cerbat GemGlobal Self Storage, Inc. (NASDAQ:SELF – Get Free Report) was the target of a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 14,050 shares, a drop of 20.8% from the January 29th total of 17,733 shares. Based on an average trading volume of 22,973 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 22,973 shares, the days-to-cover ratio is presently 0.6 days.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Global Self Storage in a research note on Monday, December 29th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.
Read Our Latest Stock Report on SELF
Institutional Trading of Global Self Storage
Institutional investors have recently made changes to their positions in the company. Financial Gravity Companies Inc. acquired a new stake in Global Self Storage in the 2nd quarter valued at about $34,000. Virtu Financial LLC purchased a new stake in shares of Global Self Storage in the third quarter valued at approximately $54,000. Private Capital Management LLC purchased a new stake in Global Self Storage in the 4th quarter valued at $61,000. Raymond James Financial Inc. increased its stake in shares of Global Self Storage by 20.4% in the 2nd quarter. Raymond James Financial Inc. now owns 18,758 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 3,179 shares during the last quarter. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Global Self Storage during the 4th quarter valued at about $99,000. 28.88% of the stock is owned by institutional investors and hedge funds.
Global Self Storage Stock Up 1.4%
Shares of NASDAQ SELF traded up $0.07 during trading on Tuesday, hitting $5.21. The company had a trading volume of 24,800 shares, compared to its average volume of 28,289. The firm has a market capitalization of $59.08 million, a price-to-earnings ratio of 32.56 and a beta of -0.01. The stock has a fifty day simple moving average of $5.06 and a two-hundred day simple moving average of $5.06. Global Self Storage has a fifty-two week low of $4.73 and a fifty-two week high of $5.89.
Global Self Storage Company Profile
Global Self Storage, Inc (NASDAQ: SELF) is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and acquisition of self storage properties across the United States. Headquartered in Denver, Colorado, the company focuses on delivering storage solutions tailored to both personal and commercial customers. Since its formation in 2012, Global Self Storage has built a diversified portfolio designed to meet a range of storage needs—from climate-controlled units to vehicle and business storage options.
The company’s primary business activities include the development of new facilities, the strategic acquisition of existing properties and the repositioning of underperforming assets.